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(Table: Firms A, B) Refer to the Table

Question 28

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(Table: Firms A, B) Refer to the table. What is the equilibrium outcome if firms A and B form a cartel and do not cheat? What is the equilibrium outcome if at least one firm decides to cheat? (Table: Firms A, B) Refer to the table. What is the equilibrium outcome if firms A and B form a cartel and do not cheat? What is the equilibrium outcome if at least one firm decides to cheat?

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The cartel outcome is for both...

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